New federal and state laws protect tenants whose landlords are foreclosed. According to the article “Your landlord got foreclosed. Do you have to go?” on CNNMoney.com, some banks, real estate agents, and attorneys may be preying on tenants not familiar with these laws.
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New federal as well as state laws protect tenants when the landlord’s property is foreclosed upon.
NOTE: This information in this article has been superseded by subsequent legislation. See New Laws Protect Tenants When Landlord is Foreclosed An eviction notice is required for most evictions in Washington. However, case law establishes that such a notice is not required to evict someone after foreclosure. Twenty days after foreclosure the successful bidder at the trustee’s sale has an immediate right to possession. If after twenty days from the trustee’s sale the previous owner is still in possession of the property the new owner must bring an eviction action to exercise the right to possession. However, no eviction […]